News From Press Switch from covid plan to overall health insurance

Switch from covid plan to overall health insurance

But before buying, make sure you opt for adequate cover and read the terms closely

Mint Jan 1, 2020

If you bought one of the two covid-specific products—Corona Kavach and Corona Rakshak—for the shortest tenor available, you may soon be left without a cover. The Insurance Regulatory and Development Authority of India (Irdai) launched the two products on 10 July that come with tenors of 3.5, 6.5 and 9.5 months. Once the policies with tenors of 3.5 months lapse, policyholders will have three choices: extending the tenure of the existing policy if the insurer allows it, buying another covid-specific plan, or switching to comprehensive health insurance.

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